Bush Stock Market Goes Below 10,000, Again, Economy Going NoWhere

[OBCA]

Once again, the lack of investor confidence in, and failures by the Bush administration have pushed the American economy back into stagnation (along with out of control prices for everyday items like milk, gas, etc.), and increasing job and manufacturing exports to communist china), as proven by the DJI going back and forth through the 10,000 barrier today.

[green lantern]

Once again, the lack of investor confidence in, and failures by the Bush administration have pushed the American economy back into stagnation (along with out of control prices for everyday items like milk, gas, etc.), and increasing job and manufacturing exports to communist china), as proven by the DJI going back and forth through the 10,000 barrier today.blah blah blah blah F#####G blah

[USA-1]

Anyone have any advice on where to stick my 401K money?(not up my *** either) I thought with the booming economy the stock market would be a good place, now I'm not so sure. Maybe someday I'll be able to retire, but it's not looking good right now.

[patrickt]

I'm retired with no pension and no Social Security. I sincerely suggest you get advice from somewhere other than this forum. There are some excellent books out there, too. My very general advice is stolen from others. Don't invest in anything you don't understand. At it's height, Enron was a cover story for Fortune Magazine and Fortune couldn't understand what they were doing. Diversify. My brother-in-law put 100% of his 401k in one company. It tanked. It's generally good to have a portfolio that's split, at whatever percentage you're comfortable with, between stocks and bonds. Also, remember, the faster it can make you money the faster it can lose you money. The higher the rate of return, the higher the risk. If you're young, go for the gold because you have time to make it up. When you pass fifty or so, get conservative on your investments.

If you want to work at it there are some excellent services that provide information on companies. A friend of mine has made a bundle studying and investing but she works seven-hours a day doing it. I prefer to put my money into stocks and funds that I'm comfortable with and then ignoring it while I enjoy myself.

[USA-1]

I get plenty of advice from the financial advisors that run my company's 401K program. Problem was their advice stunk. My money is split amoung several mutual funds and some safer stable value funds. It's a crap shoot.

[patrickt]

Life's a crap shoot. Of course, it's a crap shoot where you can effect the odds. No guarantees but you can do things to improve your chances. Does your company have a 457g or any other deferred comp program? Where I worked they would match up to 3% of your salary if you put it in the 457g. Some guys at work couldn't seem to grasp the idea that they were doubling their money right off the bat. Plus, anything you can invest tax deferred gives you a big jump right off the bat. It's one of those nasty ways for middle-class people to avoid taxes for awhile.